Terra Luna Classic is the ill-fated offspring of the disastrous Terra Luna collapse and subsequent fork. Many investors are wondering if this coin has the potential to reach $1 and whether or not it is a good investment. In this article, we’ll look closer at Terra Luna Classic, its growth potential, and whether or not it’s a wise investment choice. We’ll also introduce you to a new AI-based cryptocurrency that could be the moonshot of 2023.
Is Terra Luna Classic a Good Investment?
Before diving into Terra Luna Classic’s potential growth, let’s consider whether it’s a good investment choice. Terra Luna Classic is the original coin of Terra Luna that resulted from a fork created after the LUNA coin and its stablecoin Terra USD (USTT) collapsed.
What keeps Luna Classic (LUNC) alive is its cult-like following that is pushing exchanges like Binance and others to help burn the now overinflated supply. As long as there is no considerable progress on shrinking the supply, experts are still determining if LUNC is a good investment.
Will Terra Classic Reach $1?
One of the questions that many investors are asking is whether or not Terra Luna Classic has the potential to reach $1 again. At the time of writing, the coin is trading at around $0.0001, meaning it would need to increase in value by more than 999900% to reach the $1 mark. Combined with its extremely inflated supply, LUNC has little to no chance to pass this insurmountable hurdle and get anywhere near close to the $1 price range.
However, its tight-knit community works hard to burn as much supply as possible. With significant support from Binance and other exchanges, a big chunk of the supply could be burned over the next years, and higher price levels could be reached more easily.
Avorak AI Raises More Than $1,800,000 During ICO
While Terra Luna Classic’s fate remains uncertain, there are other cryptocurrencies that investors should be paying attention to. One project that has been subject to a lot of discussion among DeFi veterans and investors is Avorak AI. The AI crypto is a new project that uses artificial intelligence and machine learning to make AI-powered tools available on-chain. Avorak AI raised over $1,800,000 during its ongoing initial coin offering (ICO), indicating that there is significant interest in the native token, AVRK.
Avorak AI aims to provide investors with more accurate and profitable investment opportunities, as its sophisticated trading bot will be available exclusively to AVRK holders. The project’s development team also includes experienced professionals from the finance and technology industries, which gives AVRK a solid foundation of expertise in the field of blockchain and AI tech.
With multiple CEX listings and smart contracts audits, as well as a doxxed and KYC’ed team, Avorak AI could be the moonshot of 2023. The ICO is currently available in its fifth stage at a price of $0.21 and with a launch price of $1.00, it gives a solid 5X to all early investors guaranteed.
Final Thoughts
Terra Luna Classic may take years to recover from the damage done by its development team abandoning it and forking a new coin. Hence, investors should consider other projects like Avorak AI, which could be the next big thing in the cryptocurrency market.
Learn more here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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